Sign in

Shaun Clisby Kelley

Managing Director in Americas Equity Research at Bank of America Corp. /de/

Shaun Clisby Kelley is a Managing Director in Americas Equity Research at BofA Securities, specializing in the coverage of gaming, lodging, and leisure companies with a focus on large players such as DraftKings, FanDuel, and Bet MGM. He covers over 50 stocks including Churchill Downs, Lasalle Hotel Properties, ClubCorp Holdings, Pinnacle Entertainment, Braemar Hotels & Resorts, and Starwood Hotels, maintaining a success rate of 50% and an average return of 2.5% per recommendation, with a career-best rating return of 164% for Intrawest Resorts Holdings. Kelley started at Bank of America in 2004, moved to equity research in 2008, and previously worked in investment banking at JPMorgan in the technology, media, and telecom sectors. He holds an active FINRA registration, has earned top 3 rankings from Institutional Investor and Greenwich Associates polls, and carries a BA in political science and economics from UNC Chapel Hill.

Shaun Clisby Kelley's questions to Churchill Downs (CHDN) leadership

Question · Q3 2025

Shaun Clisby Kelley inquired about the company's emerging thoughts on the landscape of prediction markets, their potential implications for the Kentucky Derby, and whether any operators have approached Churchill Downs for sponsorship or other partnerships.

Answer

CEO Bill Carstanjen clarified that horse racing wagering in the U.S. is governed by the federal Interstate Horse Racing Act, distinct from state-by-state sports wagering. He stated that Churchill Downs will approach prediction markets to explain the legal framework, has no current deals or discussions with them, and will pursue all rights and remedies if the Act is violated.

Ask follow-up questions

Get Instant Answers from SEC Filings & Earnings Calls

Ask complex financial questions and get precise answers in seconds. Fintool scans millions of documents to surface insights beyond timely human analysis.

Search across 8,000+ companies
Access millions of SEC filings & transcripts
Get answers cited to the source
Try Fintool for Free

Trusted by leading investment firms and analysts